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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #228,341
  • Jun 27, 2010 10:30pm Jun 27, 2010 10:30pm
Gotta luv Obama's G20 speech.

Everyone else: "We need austerity now or everything will go down the drain"

Obama: "Ya'll idiots, F*** austerity, we need more stimulus yeeeeeeeeeeeeeeeeeeee HA!!!"
  • #228,342
  • Jun 27, 2010 10:34pm Jun 27, 2010 10:34pm
Quoting Eulogy
thanks mate. will look into it when i get home later tonight. Right now stuck in the office with my POS computer so can't view them in my lunch break .

Factors i would like to put is, nuking the sea bed at that depth has never been done before. Even if they do manage to melt the well closed what's gonna happen to the millions of gallons of oil already out in the water, not to mention the oil that's been deliberately dispersed via chemicals.
few things are very important:

1. russians have done the same .. [nuking the earth] but never that deep, and never under water.. only on land..
2. there is an enormous pressure from the core.. and no one "patch" seams works.. as you mentioned.. they have drilled into depth - never seen before..
3. Even If they decide to NUKE the sea bed, they have to drill another hole under angle 45% or so.. and that's take time apx.. another Month or so..
4. apparently, there are chances 5:1 for success, but in case of failure, you guess, we are going to open even larger HOLE, and with that.. using today's technology it is IMPOSSIBLE to Patch.. We are going to watch and wait for all crude, and gases to get out.. maybe in few years, decades, or even centuries.. - Honestly.. NO-ONE know.. and finally:
5. the major problem now are 3 very poison gases, like methanol, benzonite.. and others, who are now into the air.. and they have measured the levels on the GOLF area.. is few hundred to thousand TIMES higher then should be.. Again, those are very poison gases.. to PPL and all flora and fauna.. in the GULF.. they are going to evacuate whole GULF..

better watch the videos.. I couldn't believe what an amateur approach we are seeing for managing the spill.. we are talking about a 40million PPL evacuation, and possible intoxicating whole Gulf, or East Pacific area..

What a BUNCH of Morons.. screwing the whole planet

??????????????????????????
  • #228,343
  • Jun 27, 2010 11:14pm Jun 27, 2010 11:14pm
The 1H chart looks as though the neck may be completing on a H & S.

If the pattern completes, it would end around 133.10.
  • #228,344
  • Jun 27, 2010 11:30pm Jun 27, 2010 11:30pm
Quoting Eulogy
Gotta luv Obama's G20 speech.

Everyone else: "We need austerity now or everything will go down the drain"

Obama: "Ya'll idiots, F*** austerity, we need more stimulus yeeeeeeeeeeeeeeeeeeee HA!!!"
Austerity is what the country needs but not what the politicians need.

Austerity means fewer government jobs +/or lower paying government jobs, and decreased handouts to loyal voters, therefore less chance of getting reelected.

No contest, more spending wins!
  • #228,345
  • Jun 28, 2010 2:07am Jun 28, 2010 2:07am
Quoting Piters
When you have time.. watch the last 6 videos [from part25] attached at the bottom of the page.. Some technical info on BP.. spill.. they penetrated the strata.. of the earth.. and YES. NUKING the Earth Core is one of the options they are looking now..

The pressure comings from the core of the earth is HUGE.. Nothing can stop the leak..

http://indianinthemachine.wordpress....pair%E2%80%9D/
Hi Guys
Even though I live in NZ just above Antartica, I know we will feel the effects of this mess.
What really concerns me at this stage, is the people living in the immediate area, not being told the truth/facts about how it is going to or already effecting them.
Why would you not warn them, geez whos running USA, the govt or the Oil companies.
Incredibly I have learnt more about the mess on this forum than any news media releases.
The people need to know, now, man theres no way I can trade, knowing those peoples live are in such peril.
Bye Kiwi
If you are new to Forex? Say Goodbye to your account!!
  • #228,346
  • Jun 28, 2010 2:41am Jun 28, 2010 2:41am
Quoting kourtney
by the way i see the GBP JPY downtren coming really hard I mean around 500 to 800 pips

what do you guys see?
I'm still seeing upward trend till it hit EMA 50 then roller coaster comes
btw is this G/J Forum or oil forum? why ppl keep talking about oil etc etc
PS: Just takig a break for 2 months (have no idea about FX trends)
row row row your boat
  • #228,347
  • Jun 28, 2010 2:48am Jun 28, 2010 2:48am
Quoting ngiler
I'm still seeing upward trend till it hit EMA 50 then roller coaster comes
btw is this G/J Forum or oil forum? why ppl keep talking about oil etc etc
PS: Just takig a break for 2 months (have no idea about FX trends)
its not so much about oil but the political, environmental and ultimately economical implications of this oil spill. The Gulf spill has already caused massive economic damage on the coast affecting jobs galore at a time where the job market already sucks not to mention census layoffs are just about to start. If this disaster escalates, depending on the gravity of the situation, market confidence can go with it in the short term, the entire economy in the medium/long term.

Edit: For some reason i'm not sure the big plunge is upon us right now. The last time GJ was in such a small oscillating range was around June/July 2008 where it stayed around 210 before jumping to 215 then Lehmans collapsed and everything went to hell.
  • #228,348
  • Jun 28, 2010 3:32am Jun 28, 2010 3:32am
Quoting Eulogy
its not so much about oil but the political, environmental and ultimately economical implications of this oil spill. The Gulf spill has already caused massive economic damage on the coast

Edit: For some reason i'm not sure the big plunge is upon us right now. The last time GJ was in such a small oscillating range was around June/July 2008 where it stayed around 210 before jumping to 215 then Lehmans collapsed and everything went to hell.

This was what I was thinking for Last 2 days...

Range is similar to when it was at 197..195...for a Month.

G/J still seems Overpriced...Their is More room to go Down...

G/J and U/J are in sync...but....E/J is Bullish... IMO...

Or are they Gonna do the Opposite!!
Markets are not Random, they are designed!
  • #228,349
  • Jun 28, 2010 3:36am Jun 28, 2010 3:36am
Quoting Eulogy
its not so much about oil but the political, environmental and ultimately economical implications of this oil spill. The Gulf spill has already caused massive economic damage on the coast affecting jobs galore at a time where the job market already sucks not to mention census layoffs are just about to start. If this disaster escalates, depending on the gravity of the situation, market confidence can go with it in the short term, the entire economy in the medium/long term.

Edit: For some reason i'm not sure the big plunge is upon us right now....
i'm fearing that if this continues for much longer the whole oceans of the world will be affected.
  • #228,350
  • Jun 28, 2010 4:01am Jun 28, 2010 4:01am
Wonder where Q is, and Rgitt, not seen him in a loooong time.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #228,351
  • Jun 28, 2010 8:22am Jun 28, 2010 8:22am
Quoting Eulogy
Edit: For some reason i'm not sure the big plunge is upon us right now. The last time GJ was in such a small oscillating range was around June/July 2008 where it stayed around 210 before jumping to 215 then Lehmans collapsed and everything went to hell.
Good insight & valuable I feel - we need a relative comparison from those who've been trading a while.

While things didn't go off the rails with the G meetings, there was nothing remotely revolutionary beyond a group nod that 'we must act' - thus hardly any value to the world and traders which I think were expecting more. Interesting that US 10 year Bonds have hit a new low. The lack of real upside movement so far, and in fact grinding and some new lows (USDCHF) is just underlining bearishness & genuine concern and US markets are set to open lower in 10 min. NFP should be a mover this week, and you can't expect the news to be good. Sure things will pop a bit higher, but the downside is huge, midterm and longterm.
  • #228,352
  • Jun 28, 2010 8:52am Jun 28, 2010 8:52am
You guys make it sound so horrifying. All they are going to do is put a Non-Nuculear warhead down inside the hole and set it off so the hole will colapse on it self. Screw BP, I dont buy their gas anyway. There will also be a magnetic motor soon guys that runs by creating a magnetic field with permanent magnets and ther will no longer be a need for crude. I have seen a video of it in operation an would post it here if I knew I wouldnt ge thrown out.

Jim
  • #228,353
  • Jun 28, 2010 10:09am Jun 28, 2010 10:09am
I was short GBP/JPY most of last week until market close on Thursday when I decided to close my position and flip to long.

Now, I could post a chart and give a bunch of technicals for why I decided to flip my position but I think the easiest explanation is that I simply felt uncomfortable being short. I found myself trying to find some technical reasons why I should hold my shorts for 131.00 and perhaps lower. I woke up looking for news that should send the markets in a tailspin and bring GBP/JPY with it.

Well, we got plenty of poor data and the DOW dropped all week. I noticed that even as the DOW made new intra-day lows GBP/JPY wasn't responding as much as it should. Instead of patiently waiting for GBP/JPY to drop I found myself hoping it would and that's backwards.

So I closed my shorts for about 80 pips profit and immediately flipped to a long position around 133.60. I left the position open Friday and throughout the weekend as I headed to Tahoe for a nice little getaway.

This morning I added a little more to my position at 134.30 My target remains open and if we break 135.00 convincingly today I'll wait for a potential pullback and retest of that level before adding more. I'll do the same thing if 136.00 should break and if it does we should see at least another 300-400 pips up.

We should consider fundamentals on a macro scale right now. Sure, things are bad and we all know that. It's no secret. But we're lacking the catalyst to send this baby plummeting down 1000+ pips. It's just not there. Greece hasn't defaulted (yet), BP hasn't gone bankrupt, etc. Nothing really new has come to light and therefore there's no real panic quite yet. Do I think we'll eventually get that catalyst? Yes. But right now we have to play the trend and for now that trend is up until the larger downtrend is ready to resume. There's no sense in fighting the direction of money, we mine as well make it while they're handing it out.
check out my blog: forexmademillionaire dot com
  • #228,354
  • Jun 28, 2010 10:16am Jun 28, 2010 10:16am
it's nuclear, mister george double u bush. NUCLEAR. not nucular, not nuculear, not anything else. i know it's hard to say and think such a complicated word, but just make an effort...

you don't seem to realize what's going on and what are the risks. alternative energy was always there, people have been using it and now it's on the verge of going "global" because of internet and free exchange of information... but... do you think big sharks will just let go?

wake up. if you want to do something real, stop watching youtube and start learning and researching into it. get some friends to help you... you'll need all the help they can get.

Quoting Nene
You guys make it sound so horrifying. All they are going to do is put a Non-Nuculear warhead down inside the hole and set it off so the hole will colapse on it self. Screw BP, I dont buy their gas anyway. There will also be a magnetic motor soon guys that runs by creating a magnetic field with permanent magnets and ther will no longer be a need for crude. I have seen a video of it in operation an would post it here if I knew I wouldnt ge thrown out.

Jim
Nihil Sine Deo.
  • #228,355
  • Jun 28, 2010 10:24am Jun 28, 2010 10:24am
as of now, the bias is slightly bullish and last week's resistance @ 135.58 will probably be tested.

short/medium term, i see three supports - first one is 134.51, which is this week' support (for now... but it may change); the other one is 134.26 (last week close); and finally, the last one is 133.42 (last week support).

for a nice rally, i would like to see a failed test of 134.26/133.42, and then a break of 135.58 area. and after that, i think this has potential to go into 139 and even higher... although i would watch this carefully as pound is running into key resistance.

Quoting Geppy
I was short GBP/JPY most of last week until market close on Thursday when I decided to close my position and flip to long....
Nihil Sine Deo.
  • #228,356
  • Jun 28, 2010 10:41am Jun 28, 2010 10:41am
Quoting Scrat
it's nuclear, mister george double u bush. NUCLEAR. not nucular, not nuculear, not anything else. i know it's hard to say and think such a complicated word, but just make an effort...

you don't seem to realize what's going on and what are the risks. alternative energy was always there, people have been using it and now it's on the verge of going "global" because of internet and free exchange of information... but... do you think big sharks will just let go?

wake up. if you want to do something real, stop watching youtube and start...
Yeah mate.. I agree.. with you.. alternative energy WAS always there.. AND:

1. from IDEA to MASS Production we need at least 10Y.. regardless it is a magnetic, nuclear, BIO..
2.The cost of Fosil Fuel is Dirty Cheap.. when you compare the others..
3. It is not about US, and HOW we are going to drive the next SUV or 4WD.. it is about TRUCKS, PLANES, SHIPS.. and Finally...
4. It is about HOW you are going to collect FOOD from the FIELDS and feed your People... , including Tractors, and all others Combined Argo Machines..

and that implying only one thing..

FOOD is going UP.. UP.. to the SKY...
  • #228,357
  • Jun 28, 2010 1:34pm Jun 28, 2010 1:34pm
I'm finding it unusual to continue posting that sterling is the strongest currency on a daily basis, more and more frequently. UJ may have bottom to 89 which is a strong support, and if it holds, is a possible few hundred pips for GJ, which continues to hold and bounce off lows surprisingly well. While I'm bearish on the beast midterm and longterm, it'll need some big catalyst to get down there.

Since risk looks back on, if UJ bounces up for at least a few days - in sync with the US markets - we might get that 137 visit for GJ, but I have to believe major resistance lurks around 139. GU is also indicative. S&P looks like it's bouncing, but the trend change could only be for a few days. It's important to note that not much 'righteousness' tends to occur over the summer - market habits, attention to fundamentals changes during this time, and if the big boys have short-term agendas with mid and long term purpose, there's no reason for us insignificant ones to not ride the coattails.
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  • #228,358
  • Jun 28, 2010 1:44pm Jun 28, 2010 1:44pm
So... exactly what I said earlier minus the U/J bottoming part.


Quoting Beljevina
I'm finding it unusual to continue posting that sterling is the strongest currency on a daily basis, more and more frequently. UJ may have bottom to 89 which is a strong support, and if it holds, is a possible few hundred pips for GJ, which continues to hold and bounce off lows surprisingly well. While I'm bearish on the beast midterm and longterm, it'll need some big catalyst to get down there.

Since risk looks back on, if UJ bounces up for at least a few days - in sync with the US markets - we might get that 137 visit for GJ, but I have to...
check out my blog: forexmademillionaire dot com
  • #228,359
  • Jun 28, 2010 1:56pm Jun 28, 2010 1:56pm
yeap. looks like we have seen another bounce from support, and if 89.23 will hold then 91.20 might be next.

Quoting Beljevina
I'm finding it unusual to continue posting that sterling is the strongest currency on a daily basis, more and more frequently. UJ may have bottom to 89 which is a strong support, and if it holds, is a possible few hundred pips for GJ, which continues to hold and bounce off lows surprisingly well. While I'm bearish on the beast midterm and longterm, it'll need some big catalyst to get down there.

Since risk looks back on, if UJ bounces up for at least a few days - in sync with the US markets - we might get that 137 visit for GJ, but I have to believe...
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Nihil Sine Deo.
  • #228,360
  • Jun 28, 2010 2:33pm Jun 28, 2010 2:33pm
Quoting kourtney
u see what did I tell u...cries like a lil girl... all the fucking time... bla bla racist and bla bla hehe this dude needs to come out of the closet or have a one night stand soon...

anyway people... im reaching almost one of my diagonal resitances... and i expect no more than 136.25 to short...any comments?

I'll take you up on that and im not fussy trust me - anyway I did post the other day why I'm looking for strength the next step to watch out for is asia to wake up when that happens we trade again swing scalp etc

take care

if we look at asia range for the last 2 - 3 weeks and then compare it to the end off this week im sure we'll see a difference
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